the prize previously of suis binds my students to the victim to the e.u. talks forward as finance ministers attempt to impose the union's data sharing rules on nonmembers states. the diplomatic marson overseer of going to news and made concerns that it may be hounded by some countries unstinting blocking for the rebels despite the to stick suggesting that support directly leads to more deaths. tumbling infrastructure and reliable services in the tangled web of bureaucracy and corruption. despite their country's vast oil reaches millions of the wrong kids still suffer every day from poor living conditions under lack of basic necessities.

this is coming to life for a moscow hello and welcome to the program switzerland's cherished bonking secrecy is under threat in the ongoing battle against tax abatement if you finance ministers have agreed to put pressure on the no member nation to shy its banking data with the union and the swiss banks aren't the only ones who may have to sacrifice the privacy of some of the world's wealthiest people as his case appealable explains. so what do we know about switzerland then while the mountainous country sells tasty chocolate is home to some of the finest watches and it's a great place to ski but when it comes its banking sector with that one it also is getting a little bit secretive avenue the one hundred years this secrecy attracted some of the world's mega rich to the country to qualify for the flat rate tax deal on offer

the rich are not actually allowed to work in the country but must have a net wealth of at least two million dollars and this is them has attracted more than five thousand affluent x. patches to this nation of only eight million people including. collins and schneier twain now well they are foreigners collectively give seven hundred million dollars in federal a local taxes mill is that could be going into their home than treasuries by this cozy arrangement may soon be a thing of the past as the e.u. caps down on such juicy tax incentives the e.u. is also piling pressure on members luxembourg and austria as well as san marino and dora and monaco which are actually not members of the union now luxembourg recently changed its chain just last month that actually agreeing to lift bank secrecy rules

for european union citizens who have savings that so what all these tax haven countries actually expected to do that well quite simply expose the e.u. want to be able to check out by tea towels of any individual whenever they want without requesting permission first and considering in cyprus the banks were worth seven times as much as the country's g.d.p. at a loss about for example they're worth twenty two times more the situation could be catastrophic than if you put it in that way so in a wall where banking secrets are no longer kept these havens may have to find another way to seduce the bridge. the latest figures suggest the eurozone is sliding deeper into recession but while the hunt for tax evaders has done little to say the economy so far it has unearthed several scandals involving top politicians and businessmen and they could be many more to come if

the veil of financial secrecy is lifted. now reports. because of this increased efforts from e.u. leaders and the pressure being piled on them there have been a couple of scandals that had arisen over here one of them in france which involves general he's a former budget minister who had had to step down from his position because he had lied about having an offshore account and is also under investigation for possible tax fraud now over in germany another prominent figure who was the boss of one of the world's biggest football clubs by in munich also admitted to being involved in tax fraud and is under investigation so as efforts to increase among leaders we can possibly expect some more big names to come out as such now also recently we know that there has been a massive leak of data to the international consortium for investigative journalists now this data includes and they will some of the world's wealthiest people be politicians all the guards very public figures which reveal

a lot of their wealth parked in the various offshore accounts in the world no journalists have been sifting through this information but so have governments including the british and the american governments leading to some sort of a global effort which is precisely what the e.u. wants to lead to they really want to make this a global exchange of relevant banking data as they say so as we have seen them really impose strongly on cyprus that we can expect some political pressure to be piled on the likes of switzerland and liechtenstein as they start these talks and as leaders try to find ways to bring back some of that money to deal with the crisis that there is. under invested general just told my colleague bill told that instead of trying to crank tuck's havens you need to should address the real problems like that own unchecked funding. it's a shame that the politicians don't say gosh we made mistakes why don't we solve the problems ourselves what they're doing is they're trying to grab more money from

their own citizens some of them may not be innocent citizens i certainly agree and they should be paying their taxes but there is a heightened awareness no because all of these countries have huge deficits but instead of cutting their spending and cutting the deficit what they're now doing is spending all this money trying to order other people around to help them collect more money but i'll ask you about tax evasion those that really the cause of europe's financial problems no it's not the problem with with europe europe's got a gigantic spending problem and you think all these countries are going down the tubes because of tax evasion no we're going down the tubes because politicians keep spending money they don't have making promises to spend money to people that need money or that it has for money no it's massive deficit spending that's where they should be addressing things that's the brill problem in europe and that's what they should be trying to do something about well some politicians might be sneaking that money away but they still want to know about everyone else's place so we'll look at

how the prospering and independent online currency bitcoin as a word of u.s. government building a borehole bureaucracy that's coming out of. the recent flurry of diplomatic efforts to end the violence in syria says the un secretary-general needs the russian president on friday and during an initial talks with foreign minister sergei lavrov bunkum unix pressed full support for a proposed russian u.s. bank peace conference on syria. has been following the discussions in the black sea resort of sochi. the un secretary general and russia's foreign minister announced that they completely agree that the conflict in syria has to be resolved without any foreign military intervention and it would be full respect of syrian sovereignty and territorial integrity at the same time mr bond be more in support of the idea of this joint conference which would involve both of the syrian opposition and to be authorities however also listed some of the key stumbling

blocks at the moment first of all the opposition is still very divided and it's unclear who can represent it as a whole at this conference or secondly according to a foreign minister lavrov it will be nice to see all the regional players there taking port including iran and saudi arabia which make problems with washington prior to meeting with the moon in his interview said that if the syrian authorities are ready to take part in this event then the rebels are still making preconditions. that will play in contrast to the syrian government which has responded quite positively to the russian american initiative the opposition zones it was quite they they said that they welcome any initiatives that will help stop the violence but before that assad must go reiterating their stance which has been the cause of the deadlock for many months. when you visit the source he continues this diplomatic marathon that's been happening recently russia was earlier visited

by u.s. secretary of state to the prime ministers of great britain israel and other officials with syria of course dominating the talks however some problems that still remain for instance with the united states one john kerry visited russia it seemed that they were completely on the scene page with moscow but as soon as he left he started again calling for president assad to resign and promised to increase the support of the rebels which was just recently backed by president obama so definitely a lot to talk about for u.n. secretary general as he is still set to meet with the russian president later on friday of course we'll be bringing you all the details as it happens plans for a peace conference on syria by moscow and washington are in contrast to the latest u.n. resolution sponsored by arab states the document clearly favors the opposition despite

recent evidence of atrocities committed by rebel groups and also ignores the to stick suggesting that one and two regime supporters get international help the death toll spikes. explains. this week russia criticised the un general assembly resolution on syria saying it was a one sided text which condemned president assad's regime without leveling blame on opposition forces who are also being accused of atrocities verifying evidence is difficult but there's been a surge in videos posted online that appear to show brutality by both sides this is among the latest members of the syrian opposition executing eleven government troops it took place in the city of they all saw in the northeast of the country and a few days earlier these shocking images were released a syrian rebel fighter seemingly cuts out the heart and lung of a dead uniformed soldier an act that was even condemned by the syrian opposition but fail to draw strong criticism from the un general assembly in straits the u.n.

selective stance on the conflict the u.n. resolution also expressed outrage at the rapidly increasing death toll it is estimated eighty thousand people have been killed so far in syria but let's look at the statistics in more detail provided by activist groups they argue the death toll peak when gulf states and the u.s. sent more weapons to the region then fell when arms were limited before increasing once again when more weapons were supplied it may be a simple correlation but nonetheless suggests arming the syrian opposition may be causing more bloodshed. meanwhile new video footage from the war torn country purports to show three syrian soldiers being executed by islamist rebels in the town square the syrian observatory for human rights also say rebel fighters did shoot three man dead in the sea child rocket this week and of course we'll be keeping an eye on this story i can find more details at r.t. dot home. iraq isn't the group of

violence the latest suicide bombing claimed at least twenty five lives in the northern city of kirkuk the suffering is made worse by crippled infrastructure and shortages of electricity and drinking water ati's loose accounting of looks why one of the world's most all rich nations still lacks basic services ten years after saddam hussein. it is the land between twin rivers ancient day mesopotamia modern day iraq and in baghdad there's no shortage of ways in which water is used to wash cars to clean shop fronts to store freshly caught fish before they're got a for sale everything it seems except drinking personally oh god nobody drinks the city would say because i know it's not clean since i knew i had to run around the block but comes out to minneapolis contaminate and makes us sick how can we drink. water is just one of the many services that still lagging and post-war iraq despite

years of promises and billions of dollars spent on reconstruction many neighborhoods lack sewage systems there's no trash collection in some settlements there are barely any streets rock central power is sometimes on for as little as two dollars a day this mess of wires is a common scene all across iraq it connects homes to private generators people have to buy electricity to cope with the hours of daily blackouts ten years after the war it's a symbol for much of what's wrong with a rock a crumbling infrastructure and reliable services and a tangled web of iraq or c. and corruption. the energy crisis has meant more work for album area and electrician who says he now earns about four times as much as he did before the war the grid is in shambles and breakdowns are frequent but he says the government is simply not serious about fixing it. it's the citizens who suffer in the end not the government the services are so bad the power system has

really deteriorated there were billions spent on fixing the grid but there's little to show for it. the government has promised improvements in public services but officials say it's a monumental task the infrastructure has been put to the neglected end of the previous regimes and the damage is enormous there is a need to rebuild everything and that's requires tens of billions of dollars but the dollars are flowing along with and largely because of the oil that's what accounts for most of the revenue in iraq's one hundred nineteen billion dollars budget here at the college refinery production have more than doubled in the past here alone and that to go even higher well industry has been touted as one of the few bright spots in a country that has been playing by little violence and of rampant corruption transparency international ranks iraq is the most corrupt country in the world which in part helps to explain why services are still lagging most of the reconstruction money was squandered in fraud and abuse just one example the

government awarded one point seven billion dollars worth of fake electricity contracts it's a paradox that frustrates many iraqis theirs is one of the wealthiest pieces of land on earth but its people are some of the forest. nowhere is that contrast more stark when sheer the landfill on the edge of baghdad many of the families living here have been displaced by the war but now they're waging a daily battle just to survive services are simply nonexistent conditions a horrible there are no schools for the kids who have no electricity no roof houses resorts or get a drink also we have to travel for columbus's it's very difficult to live here. for now they must remain among the refuse uncertain like the rest of iraq as to what will come on the winds of change you see catherine of baghdad iraq. and all stories for you are coming up shortly to stay with us.

wealthy british style it's a small town to the right let's go to. the. market why not. find out what's really happening to the global economy cars report on r.t. . if you.

think. this is all sea welcome by u.s. authorities have frozen that count of the world's largest bitcoin exchange which helps move the customer's conscience online the booming digital currency has had bureaucratic blocks of a say as it's allowed growth came to that tensional the government in a fortnight and i'll explain. the u.s. government has made no secret of the fact that it is keeping a close eye on the point but now it appears that the close eye includes a crackdown on the decentralized digital currency the department of homeland security sees the company known as to wall law which allows customers to transfer

their u.s. dollars into points on tuesday washington shut down while his ability to process point payments now the u.s. warrant alleges that the i want peace property was operating as an on the license money transmitting business because to wallow wasn't registered with the with the department of treasury's financial crimes enforcement network now some economists believe the timing of this case is no please see the popularity and press surrounding this point is skyrocketing and the use of electronic currency is growing more appealing to investors and customers around the world this of course threatens the long held grip that governments and banks have had on currency regulation and interest rate manipulation that this new york city bars last restaurant behind to be known as ever began accepting the point last month so far

the midtown business has reportedly processed more than twenty thousand dollars worth of transactions in the morning now while wall street remains less than eight kilometers away from here the financial industry to its disappointment is far removed from the way in which the business of point is operating of working for new york very important r.t. . and let's now take america bitcoins beyond ground to see why the u.s. government is so boring about being dependent cars say the concept was fast floated in two thousand and eight the idea was for us to avoid banks when transferring countered by connecting directly with each other customers worldwide and spend bitcoins to buy things without having to pay the normal high fees. no wonder it's becoming so popular the currency's value reached a record high in april and its subsequent decline is partly being put down to the pressure of red tape and joining us now live from bratislava political activist and

blogger mike. michael ware welcome to the program why do you think the u.s. government has targeted this exchange company. well to a certain degree i mean there's there's two ways to approach this one is that everything is fine there are in fact real dangers from terrorists and money launderers getting into the financial system and doing the ferias things i think that's somewhat misguided with respect to bitcoin but the justification for this is really not really not solid however i could i could put on my conspiracy had i don't have a tin foil wand but i do have a copper impregnated cybercafe and say yeah you know the banks actually own the united states government they're running scared because they've been on their last legs for most of two decades at least since the currency crisis in the ninety's it's just a wonder that they've kept the lumbering propped up for so long and now they see. threat in the form of bitcoin so they're going to chop away at that wherever they

can lest they have their legs out from under them but what makes you support bitcoin as it's extremely volatile many believe it's a bubble do you trust such an unstable currency well i don't you know to say you trust the currency is a is a matter of faith and it's a momentary thing obviously we've we've seen pictures from history of the why more republican germany of bank notes being shoveled in wheelbarrows into people's houses and loaded up into into other things just to provide heat because they were worthless otherwise so it is a long term play right now and i see bitcoin as a kind of heralding a much brighter future for us where we don't have the weight of the banks and the financial industry crushing down and really squeezing so much human energy out of out of our planet and so i take it as a you think their reason room for independent currency is whether they're digital

or not. well i think that i think that history is going to prove this prove this point it precisely you know there's no undo button for something live but point just is there's no undo button for something like the internet gets out there and as much as you want to say here kitty kitty go back in the bag and independent nonpolitical current state is going to arise and i believe supplant or at least strongly compliment the existing national currency how is it possible to control a currency with no material value that well to some extent no currency at all actually has a material value the value of the currency arises by means of social consensus so when we agree that a certain thing whether it be atoms of gold or pieces of paper or numbers in an accounting ledger or bitcoins has a value and we trade in it's an express our faith in it that way then it does

require value through social exchange so how does it acquire value well it acquires value by people using it i see a right to blow got mike golf kate thank you very much indeed thank you. there are more stories and videos online on dot com including a medical breakthrough new technology allows scientists to harvest themselves from cloned human embryos opening completely new horizons and treating red diseases but it's not without controversy we'll tell you why at all to a doctor. and also that from buying ground checks on internet dates to talk to tapes u.k. consulates around the world or reveal the weirdest inquiries from citizens abroad learning water else is on their request list on our website.

news today. these are the images the world been seeing from the streets of canada. showing operations or. some other news making headlines across the world in believe it or miners teachers and health service workers have again clashed with police during a general strike and now union members from the police force of south have threatened to join the protesters as part of the actual strikers have detonated dynamite and become a solar panels and blocked roads the biggest union in the country wants pensions valued at one hundred percent of the workers salary. a broken goal buddy may have caused the explosion at a plant in taxes that fifteen people dead losses are looking at whether faulty batteries on the body might have sparked the fire which caused the blast the double

explosion happened at the moment flames touched tongues filled with chemicals and destroyed nearby homes and schools. traffic accident ended on a spectacular cliffhanger in the australian city of melbourne a truck turned over and was left dangling over the side of a motorway bridge throwing the driver on to another motorway twenty metres below he survived but suffered serious injuries and was hospitalized in a critical condition accident course nature traffic delays during the peak hour trains have to be called in to safely take the truck off the bridge. and up next the latest financial headlines in our new show prime interest history that's about.

a fairly dickinson university study has revealed the twenty nine percent of americans think that a revolution will just happen in america but needs to be done in order to protect individual liberty if respondents consider themselves conservative than that number is bumped up to forty four percent that's nearly half also fox news found out that since nine eleven the percent of americans willing to sacrifice their personal freedom to reduce the threat of terrorism is at an all time low this number might sound trivial but it only takes a tiny percent of the population actually start a revolution i mean how many communists were in russia at the start of nine hundred seventeen and how many were there at the end revolution may sound like a nice thing to a growing number of people but the media wrongly portrays revolution as some fun video game battle where freedom fighters topple the statue of the dictator and then democracy just instantly comes about and life is good and happy i don't ask you to

ignore movies like v. for vendetta and look at history revolutions cause horrible destruction that could take decades to repair i guess what. when your economy collapses because a revolt infrastructure breaks down and the shelves go bare also professional revolutionaries get their supplies from somebody and a foreign powers would have safe and revolutionaries they would want something in return aloha and goodbye alaska if you look at history then you'll see that revolution is brutal ugly and is truly the last resort but still is a resort but that's just my opinion. good afternoon and welcome to prime interest i'm harry and boring here and the washington d.c. and here's the stories that we're keeping up with today. base are targeting bloomberg after new revelations emerge about reporters improper use of confidential

data j.p. morgan itself is under fire for a lapse and wrest control of last year as as bloomberg to provide confirmation of its controls allegations are swirling that the london whale story itself went to bloomberg broke last year may have been a result of an improper for a lifting of the data and goldman is using the opportunity to turn the screws on bloomberg broker dealer operation we discussing bloomberg gave at length today in a special segment and in a live interview with christopher chambers as you remember credit default swaps they were at the at the center of the a.r.g. goldman sachs bailout and pay off in two thousand eight hundred the market for these insurance contracts and corporations and government is undergoing a make over a new proposal by the international swaps and derivatives association would change the rules about when the contracts pay out and the government tries to bail out a bank by forcing losses on bond holders instead of tax payer and the insurance

contracts on the bonds or the bank would pay out basically is an escalation of too big to fail so get out your popcorn and the players of the sixteen trillion dollar market you could. now let's get to what's in your prime interest.